Cyprus plays a key role in blockchain progress

June 4, 2018

Article published at Cyprus Mail

Niki Nikolaou, Business Director at leading Limassol based agency Contentworks, looks at how Blockchain technology is shaping the island of Cyprus.

Blockchain technology was introduced in 2008, by Satoshi Nakamoto, an anonymous developer who created the technology as the accounting basis for Bitcoin. Of course, the technology has come a long way over the past decade, proving itself to be an effective way for individual, businesses and even governments to carry out transactions. Created as a digital, decentralised and immutable public ledger of transactions, the greatest advantage that blockchain offers is the ability to customise it to record transactions and the transparency it affords.